SIMPAR S.A. announces an Equity Buyback for 3,915,171 shares, representing 6.33% of its issued share capital.
September 20, 2020
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SIMPAR S.A. (BOVESPA:SIMH3) announces a share repurchase program. Under the program, the company will repurchase up to 3,915,171 shares, representing 6.33% of its share capital. The purpose of the program is to maximize shareholder value, without reducing the share capital, with the acquired shares being used to hold treasury, cancel, dispose of and/or to meet the eventual exercise of options within the scope of the remuneration based on in shares. The repurchase of shares will imply an increase in the shareholding of shareholders in the eventual dividends and interest on equity distributed by the company. The share purchase operations under the program will be supported by the global amount of available profit and capital reserves, contained in the company. The program will be valid for 18 months, until March 20, 2020. As of September 21, 2020, the company had 61,838,699 shares in outstanding and no shares in treasury.
Simpar SA is a Brazil-based provider of financial investment services. It operates as a holding company for JSL Group. Through its subsidiaries, the Company provides services divided in seven segments: JSL Logistica, dedicated to the transportation and logistics sectors; Vamos, involved in leasing, buying, and selling trucks, machinery and new and used equipment; Movida, engaged in in the light vehicle rental and fleet management sector; CS Brasil, which provides services to public agencies and companies, including fleet management and outsourcing, urban passenger transport and urban cleaning services; Original Concessionarias, engaged in sale of Volkswagen, FIAT and Ford cars and parts; BBC, offering financial services, such as leasing, issuing and administration of credit cards and processing of electronic payments; and Holding and others, composed mainly by entities located abroad, used as a fundraising vehicles.
SIMPAR S.A. 
